On December 9, 2024, all nine member votes to discontinue converting 20% of RPL inflows to LUSD, and that future recipients will no longer have the option to choose LUSD as a payment method. See more about the decision here.
During December’s payments, the entirety of the treasury’s LUSD reserves were converted to RPL.
| Funds at Start | Inflows | Payments | Diversification (LUSD) | Outflows (Total) | Funds at End |
|---|---|---|---|---|---|
| 52,442.44 | 4,580.37 | 5,427.07 | 0 | 5,427.07 | 51,595.74 |
| LUSD Funds at Start | LUSD Inflows | LUSD Payments | LUSD Funds at End |
|---|---|---|---|
| $ 10,846.36 | 0 | 0 | 0 |
GMC members were in for a challenge with a whopping 50+ transactions to verify.
The support bounty for September through November has been distributed, along with the awards and reviewer compensation for the rETH Incubator program.
AlphaGrowth was distributed $10,000 out of the $40,000 Incentives Grant to put towards Contango looping rETH incentives.
The GMC accounting sheet now includes a ‘Reserved’ tab, providing a view of the open grants for which the GMC has allocated funding. You can view the accounting sheet here.